Suburb Profile Report for Cranbourne East VIC (3977)

Cranbourne East House: Median price $555,000, Annual capital growth 6.47%, Number of sales 288, Weekly median advertised rent $410

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Cranbourne East has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of -3.48% to date .

A 38.75% growth in median value for property investors in Cranbourne East,3977 puts this suburb at number 360th in terms of best performing suburbs in VIC

The most recent median price for Cranbourne East is $555000, with sellers offering an average of -7.37% off the asking price.

Residents and property investors in Cranbourne East have been waiting around 64.2966 days to sell a property.

Property investors should expect to get $410 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$555,000 N/A
-0.84% N/A
-3.48% N/A
6.47% N/A
$410 N/A
288 N/A
3.84% N/A
64.2965779467681 N/A

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 8210
Median household income ($/weekly) 1395
Median age of persons 31
Median housing loan repayment ($/monthly) 1950
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 865 10.5
    5-14 years 1192 14.5
    25-34 years 1684 20.5
    35-44 years 1263 15.4
    45-54 years 778 9.5
    Others 2428 29.6
    Age Group
    Census Count Percent(%)
    Registered Married 3128 55.6
    Not Married 1807 32.1
    Defacto Relationship 695 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5368 68.6
    Indonesia 406 5.2
    Papua New Guinea 233 3.0
    United Kingdom 477 6.1
    Other 492 6.3
    Others 854 10.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 233 3.1
    Christianity 4641 61.7
    Hinduism 264 3.5
    Islam 183 2.4
    No Religion 2040 27.1
    Others 164 2.2
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 219 9.0
    $1,000-$1,249 256 10.5
    $1,250-$1,499 250 10.2
    $1,500-$1,999 439 18.0
    $2,000-$2,499 348 14.2
    Others 931 38.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2631 44.8
    Not in the labour force 1881 32.0
    Employed, worked part-time 935 15.9
    Employed, away from work 228 3.9
    Unemployed, looking for work 203 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 380 10.0
    Professionals 577 15.2
    Technicians & trades workers 639 16.9
    Clerical & administrative workers 599 15.8
    Machinery operators & drivers 421 11.1
    Others 1176 31.0
    Occupation
    Census Count Percent(%)
    Pre-school 203 10.7
    Infants/Primary 785 41.5
    Secondary 449 23.7
    Technical or Further Educational Institution 209 11.0
    University or other Tertiary Institutions 174 9.2
    Others 73 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7573 98.5
    Semi-detached, row or terrace house, townhouse 92 1.2
    Flat, unit or apartment 23 0.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1590 61.0
    Fully owned 488 18.7
    Rented 448 17.2
    Other tenure type 81 3.1
    Tenure Type
Census 2011, ABS
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